Dec 14, 2000|
Balanced funds on the mark
Balanced funds have appreciated in a big way during the week. The week saw BSE – 30 appreciating by 4% to close at 4,288 (as on 13th December) and the NSE-50 rose by 4.07% to close at 1,356 (as on 13th December).
|Open-ended, Balanced Schemes
|K P Balanced (Gr)
|Magnum Balanced Fund
|Alliance 1995 Fund (Gr)
|DSP ML Balanced (Gr)
|PNB Balanced Growth
|JM Balanced Fund (Gr)
|Zurich(I) Prudence (Gr)
|ING Balanced (Cum)
Old economy stocks continue their saga of success for the week. Major gainers were HPCL, TISCO, TELCO, ACC, Hindalco, BHEL, L&T. Fast moving consumer goods (FMCG) stocks also did well with stocks like Colgate and HLL faring well. However, tech counters (NIIT, Infosys and Satyam) witnessed insignificant growth.
Fund managers seem to have learnt their lessons well over the past few weeks. They have upped their allocations in old economy stocks and cut down exposure to tech stocks. An improved scenario in media counters is another reason why growth funds and balanced funds have seen some significant gains in their net asset values (NAVs).
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